Investing in Detroit Foreclosure Real Estate - New Turnkey Property at 421 Lynch Pontiac, MI

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Equity Services, LLC announces the release of a new fully renovated and rented investment property available for sale now for $49,900.

Orion, MI, August 12, 2009 (PressReleasePoint) -- Equity Services, LLC announces the release of a new fully renovated and rented investment property available for sale now for $49,900.

Located at 421 Lynch in Pontiac MI approximately 30 miles north of Detroit in Oakland County. This property is a 1,000 square foot brick ranch with a car port. It has 3 bedrooms, 1 bath and a basement. Sitting in a quiet subdivision, this is a prime example of investing in real estate at the right price. According to seasoned investor Jerry Norton, "this property is located in a very desirable subdivision. Homes sold for $100-120k in this neighborhood at the peak in 04 and 05."

Updates are many. New roof, vinyl windows, glass block basement windows, landscaping, new carpet, ceramic tile in the kitchen, dining and bathroom, all new electrical outlets, smoke detectors, plugs/switches, light fixtures, new furnace, new plumbing and hot water heater, new toilet, sink and vanity, new doors and trim and new paint just to highlight a few items.

Since 2006, Jerry Norton has been providing investors from all over the US, Canada, Australia and the UK with fully renovated and rented investment properties for under $50k. "With the values so low and the rental market so strong, investors worldwide see Detroit as a goldmine for investing in cash flow. I simply package the properties and offer them at wholesale prices," states Norton.

After packaging and selling over 150 such properties since 2007, Jerry and his team have perfected the system. Jerry is very proud of his work. "421 Lynch turned out just beautiful. We had it in our budget so we even put in granite counter tops in the kitchen. It was so hot we secured a lease for $850/mo in the first week on the market."

Now the property is up for grabs realizing a $450/mo positive cash flow after property taxes, insurance, and property management fees. Pictures and videos can be seen here: http://equityservicesllc.me/421-lynch-pontiac-miav...

Properties sell fast so be sure to visit http://www.EquityServicesLLC.com to see a current list of available properties.
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